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How can you stay up-to-date with the latest contract management practices in event planning?

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Contract management is a vital skill for event planners, as it involves negotiating, drafting, and executing agreements with various stakeholders, such as venues, vendors, sponsors, speakers, and attendees. However, contract management is not a static field, and it constantly evolves with changing laws, regulations, industry standards, and client expectations. How can you stay up-to-date with the latest contract management practices in event planning? Here are some tips to help you.

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Siddhartha Menon

Content Strategy| Brand Building| 0-1 Journey Expert| CX| Growth Marketer| Performance Marketing Strategy| Digital and…

1 Join professional associations

One of the best ways to keep abreast of the latest contract management practices in event planning is to join professional associations, such as the International Association of Professional Contract and Commercial Managers (IACCM), the Event Industry Council (EIC), or the Professional Convention Management Association (PCMA). These associations offer various benefits, such as access to online resources, webinars, newsletters, podcasts, and blogs that cover the latest trends and challenges in contract management. They also provide opportunities to network with other event professionals, share best practices, and learn from experts.

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Ami Shah

Association Management | Budget Development | Client Retention | Contract Negotiation | Membership Recruitment | Corporate Event Management | Project Management | Graphic Design
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Other great associations to join is MPI ( Meeting Planners International) and ASAE (American Society of Account Executives).

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2 Attend training courses and workshops

Another way to stay up-to-date with the latest contract management practices in event planning is to attend training courses and workshops, either online or in-person. These courses and workshops can help you learn new skills, refresh your knowledge, and gain insights into the latest developments and innovations in contract management. For example, you can enroll in courses on contract drafting, negotiation, risk management, compliance, dispute resolution, or digital transformation. You can also look for courses that are specific to your niche, such as corporate events, trade shows, festivals, or weddings.

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Siddhartha Menon

Content Strategy| Brand Building| 0-1 Journey Expert| CX| Growth Marketer| Performance Marketing Strategy| Digital and Real World Storytelling| Team Management and Training| Experiential Strategy and Storytelling
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1% better every day. I think the opportunity to learn resides across the internet, it is not limited to (at least anymore) courses and workshops. Communities exist that can help you answer problems, if you scout LinkedIn alone, you will find a host of event communities that can help you answer any questions you may have about contracts or contracting in event planning. All this aside, workshops and courses too are a great way to learn and scale your knowledge.

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3 Follow industry publications and blogs

A third way to stay up-to-date with the latest contract management practices in event planning is to follow industry publications and blogs, such as Event Manager Blog, Event Industry News, Smart Meetings, or Contracting Excellence Journal. These publications and blogs can help you stay informed about the latest news, updates, tips, and best practices in contract management. They can also help you discover new tools, technologies, and solutions that can enhance your contract management processes and outcomes.

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4 Seek feedback and advice

A fourth way to stay up-to-date with the latest contract management practices in event planning is to seek feedback and advice from your peers, mentors, clients, and suppliers. Feedback and advice can help you identify your strengths and weaknesses, improve your performance, and avoid common pitfalls and mistakes in contract management. They can also help you learn from the experiences and perspectives of others, and gain insights into their expectations and preferences. You can seek feedback and advice through various channels, such as surveys, reviews, testimonials, referrals, or consultations.

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Beth Lawrence, CMP

Award-Winning Event Planner and Consultant | Top 50 Voices in Events to Pay Attention To | Startup Advisor | Airtable Enthusiast | Difference Maker
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Work with an attorney or legal team who understands the nuances of event contracting, especially those who have updated client contracts since the pandemic. The attorney I work with has saved me countless hours and money, just by having difficult discussions up-front with clients and including updated clauses in my contracts.

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5 Review and update your contracts regularly

A fifth way to stay up-to-date with the latest contract management practices in event planning is to review and update your contracts regularly. Reviewing and updating your contracts can help you ensure that they are accurate, relevant, and compliant with the current laws, regulations, industry standards, and client expectations. They can also help you avoid potential conflicts, disputes, or liabilities that may arise from outdated or unclear terms and conditions. You can review and update your contracts by using templates, checklists, software, or legal services.

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6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Siddhartha Menon

Content Strategy| Brand Building| 0-1 Journey Expert| CX| Growth Marketer| Performance Marketing Strategy| Digital and Real World Storytelling| Team Management and Training| Experiential Strategy and Storytelling
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As new-age event planners, one must always have good legal counsel at hand, and invest in a good legal team or lawyer who can effortlessly help you stay abreast of new laws and environmental changes that affect the law. A host of AI tools also exist now that can help draft contracts.

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How can you stay up-to-date with the latest contract management practices in event planning?

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1 Join professional associations

2 Attend training courses and workshops

3 Follow industry publications and blogs

4 Seek feedback and advice

5 Review and update your contracts regularly

6 Here’s what else to consider

Event Planning

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How can you stay up-to-date with the latest contract management practices in event planning?

1

2

3

4

5

6

1 Join professional associations

2 Attend training courses and workshops

3 Follow industry publications and blogs

4 Seek feedback and advice

5 Review and update your contracts regularly

6 Here’s what else to consider

Event Planning

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